The Public is Stupidly Avoiding Bank Services

The media has been reporting that more and more Americans are avoiding bank account transaction's in order to avoid transaction fees which banks have been imposing to offset costs that have arisen thanks to added government regulations.

Unfortunately, the use of these newly implemented financial instruments, such as pre-paid debit cards and small loans, entail fees that often are greater than those charged by those “greedy” banks.  Another instance of the public refusing to evaluate simple dollar and cents everyday financial options. (See the Earl J. Weinreb NewsHole® comments.)